By Vince Sullivan (September 16, 2021, 5:51 p.m. EDT) – Bankrupt retailer Furniture Factory Outlet received court approval from a Delaware judge on Thursday for its Chapter 11 liquidation plan, quashing an objection from the Office of the trustee of the United States to the third-party versions included in the plan.
In a virtual hearing, U.S. Delaware District Bankruptcy Judge J. Kate Stickles said the hundreds of unsecured creditors who will grant discharges to third parties involved in the case have been given a clear explanation of their rights in the case. the voting solicitation packages. and had had the option of refusing to give the releases.
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
Create personalized alerts for specific case articles and topics and more!